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028 F030600 0
028 F040600 8418
028 G010600 31638
028 G020600 7941
028 G030600 0
028 G040600 23736
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055 A000600 N
055 B000600 N
056 000600 N
057 000600 N
062 A000600 N
062 B000600 0.0
062 C000600 0.0
062 D000600 0.0
062 E000600 0.0
062 F000600 0.0
062 G000600 0.0
062 H000600 0.0
062 I000600 0.0
062 J000600 0.0
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<PAGE> PAGE 21
062 O000600 0.0
062 P000600 0.0
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062 R000600 0.0
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 Y
070 C010600 N
070 C020600 N
070 D010600 Y
070 D020600 Y
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 Y
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 Y
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 123863
071 B000600 117670
071 C000600 301653
071 D000600 39
072 A000600 12
072 B000600 16148
072 C000600 3114
072 D000600 0
072 E000600 0
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<PAGE> PAGE 22
072 H000600 0
072 I000600 0
072 J000600 66
072 K000600 2
072 L000600 13
072 M000600 8
072 N000600 6
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072 P000600 0
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072 X000600 2669
072 Y000600 0
072 Z000600 16593
072AA000600 21730
072BB000600 13455
072CC010600 39977
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072DD010600 16066
072DD020600 0
072EE000600 8717
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074 A000600 38
074 B000600 52200
074 C000600 0
074 D000600 142889
074 E000600 4611
074 F000600 178984
074 G000600 0
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074 I000600 143
074 J000600 871
074 K000600 0
074 L000600 4281
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074 N000600 384030
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<PAGE> PAGE 23
074 S000600 0
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028 A010700 17492
028 A020700 0
028 A030700 0
028 A040700 11747
028 B010700 8540
028 B020700 0
028 B030700 0
028 B040700 2037
028 C010700 6029
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028 F020700 0
028 F030700 0
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055 A000700 N
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056 000700 N
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062 B000700 0.0
062 C000700 0.0
062 D000700 0.0
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062 F000700 0.0
<PAGE> PAGE 24
062 G000700 0.0
062 H000700 0.0
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062 J000700 0.0
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062 O000700 0.0
062 P000700 0.0
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062 R000700 0.0
070 A010700 Y
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070 D020700 N
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070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 Y
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 Y
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 Y
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 491710
071 B000700 416156
071 C000700 316982
<PAGE> PAGE 25
071 D000700 131
072 A000700 12
072 B000700 1032
072 C000700 4761
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072 X000700 2947
072 Y000700 0
072 Z000700 2846
072AA000700 53125
072BB000700 78893
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<PAGE> PAGE 26
074 N000700 368157
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028 A010800 3216
028 A020800 0
028 A030800 0
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<PAGE> PAGE 27
056 000800 N
057 000800 N
062 A000800 Y
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062 N000800 3.9
062 O000800 0.0
062 P000800 25.8
062 Q000800 33.6
062 R000800 1.7
063 A000800 0
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064 A000800 N
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065 000800 N
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070 F010800 N
070 F020800 N
070 G010800 N
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
<PAGE> PAGE 28
070 N010800 Y
070 N020800 N
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070 O020800 N
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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SIGNATURE GEORGE C. BOWEN
TITLE TREASURER
<PAGE>
DELOITTE & TOUCHE LLP/LOGO/
Suite 3600
555 Seventeenth Street
Denver, Colorado 80202-3942
Telephone: (303)292-5400
Telephone: (303)312-4000
To the Board of Trustees of
Oppenheimer Variable Account Funds:
In planning and performing our audit of the financial statements of Oppenheimer
Variable Account Funds (Fund) for the year ended December 31, 1995 (on which we
have issued our report dated January 22, 1996), we considered its internal
control structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the financial statements and to comply with the requirements of Form N-SAR, not
to provide assurance on the internal control structure.
The management of the Fund is responsible for establishing and maintaining an
internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1995.
This report is intended solely for the information and use of management, the
Board of Trustees and the Securities and Exchange Commission.
Yours truly,
/s/DELOITTE & TOUCHE LLP
January 22, 1996
- ---------------
DELOITTE TOUCHE
TOHMATSU
INTERNATIONAL
- ---------------
<PAGE>
CLASSIFICATION OF DISTRIBUTIONS TO SHAREHOLDERS.
Net investment income (loss) and net realized gain (loss) may differ for
financial statement and tax purposes primarily because of premium amortization,
paydown gains and losses and the recognition of certain foreign currency gains
(losses) as ordinary income (loss) for tax purposes. The character of the
distributions made during the year from net investment income or net realized
gains may differ from their ultimate characterization for federal income tax
purposes. Also, due to timing of dividend distributions, the fiscal year in
which amounts are distributed may differ from the year that the income or
realized gain (loss) was recorded by the Funds. Changes in classification made
during the fiscal year ended December 31, 1995 are shown below:
<TABLE>
<CAPTION>
Adjustments for the Fiscal Year Ended December 31, 1995
-------------------------------------------------------
Undistributed Net
Investment Income Undistributed Net Realized Paid-in
(Loss) Gain (Loss) on Investments Capital
----------------- -------------------------- -------
<S> <C> <C> <C>
Oppenheimer High Income Fund 186,751 (186,751) --
Oppenheimer Bond Fund (1,093,371) 1,093,371 --
Oppenheimer Capital Appreciation Fund -- -- --
Oppenheimer Growth Fund -- -- --
Oppenheimer Multiple Strategies Fund (204,481) 204,481 --
Oppenheimer Global Securities Fund (2,845,512) 6,264,762 (3,419,250)
Oppenheimer Strategic Bond Fund 9,220 (9,220) --
Oppenheimer Growth & Income Fund 37 (37) --
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER STRATEGIC BOND FUND
<SERIES>
<NUMBER> 8
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 57397784
<INVESTMENTS-AT-VALUE> 59245209
<RECEIVABLES> 1958163
<ASSETS-OTHER> 3735
<OTHER-ITEMS-ASSETS> 162525
<TOTAL-ASSETS> 61369632
<PAYABLE-FOR-SECURITIES> 1156926
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 115093
<TOTAL-LIABILITIES> 1272019
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 59420799
<SHARES-COMMON-STOCK> 12250929
<SHARES-COMMON-PRIOR> 4418161
<ACCUMULATED-NII-CURRENT> 483938
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1648175)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1841051
<NET-ASSETS> 60097613
<DIVIDEND-INCOME> 79325
<INTEREST-INCOME> 3754007
<OTHER-INCOME> 0
<EXPENSES-NET> 318827
<NET-INVESTMENT-INCOME> 3514505
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<APPREC-INCREASE-CURRENT> 2877343
<NET-CHANGE-FROM-OPS> 5522672
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3151540
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9417090
<NUMBER-OF-SHARES-REDEEMED> 2245623
<SHARES-REINVESTED> 661301
<NET-CHANGE-IN-ASSETS> 39777298
<ACCUMULATED-NII-PRIOR> 111729
<ACCUMULATED-GAINS-PRIOR> (769757)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 281335
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<GROSS-EXPENSE> 318827
<AVERAGE-NET-ASSETS> 37698000
<PER-SHARE-NAV-BEGIN> 4.60
<PER-SHARE-NII> .38
<PER-SHARE-GAIN-APPREC> .30
<PER-SHARE-DIVIDEND> .37
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 4.91
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER GLOBAL SECURITIES FUND
<SERIES>
<NUMBER> 7
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 338981583
<INVESTMENTS-AT-VALUE> 362627286
<RECEIVABLES> 5232935
<ASSETS-OTHER> 9300
<OTHER-ITEMS-ASSETS> 287072
<TOTAL-ASSETS> 368156593
<PAYABLE-FOR-SECURITIES> 6654962
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 522798
<TOTAL-LIABILITIES> 7177760
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 363343602
<SHARES-COMMON-STOCK> 24067821
<SHARES-COMMON-PRIOR> 19743343
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1068
<ACCUMULATED-NET-GAINS> (26173952)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23810251
<NET-ASSETS> 360978833
<DIVIDEND-INCOME> 4761246
<INTEREST-INCOME> 1031404
<OTHER-INCOME> 0
<EXPENSES-NET> 2947137
<NET-INVESTMENT-INCOME> 2845513
<REALIZED-GAINS-CURRENT> (25767883)
<APPREC-INCREASE-CURRENT> 31653008
<NET-CHANGE-FROM-OPS> 8730638
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 8174158
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11235722
<NUMBER-OF-SHARES-REDEEMED> 7497205
<SHARES-REINVESTED> 585961
<NET-CHANGE-IN-ASSETS> 63136912
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1503327
<OVERDISTRIB-NII-PRIOR> 1069
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2451556
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2947137
<AVERAGE-NET-ASSETS> 332336000
<PER-SHARE-NAV-BEGIN> 15.09
<PER-SHARE-NII> .12
<PER-SHARE-GAIN-APPREC> .19
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .40
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.00
<EXPENSE-RATIO> .89
<AVG-DEBT-OUTSTANDING> 0
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER GROWTH FUND
<SERIES>
<NUMBER> 3
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 94199607
<INVESTMENTS-AT-VALUE> 117817530
<RECEIVABLES> 1067062
<ASSETS-OTHER> 5982
<OTHER-ITEMS-ASSETS> 49380
<TOTAL-ASSETS> 118939954
<PAYABLE-FOR-SECURITIES> 970555
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 259509
<TOTAL-LIABILITIES> 1230064
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<PAID-IN-CAPITAL-COMMON> 84252418
<SHARES-COMMON-STOCK> 4997725
<SHARES-COMMON-PRIOR> 3579510
<ACCUMULATED-NII-CURRENT> 1290629
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<ACCUMULATED-NET-GAINS> 8548920
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<ACCUM-APPREC-OR-DEPREC> 23617923
<NET-ASSETS> 117709890
<DIVIDEND-INCOME> 992690
<INTEREST-INCOME> 1001964
<OTHER-INCOME> 0
<EXPENSES-NET> 696935
<NET-INVESTMENT-INCOME> 1297719
<REALIZED-GAINS-CURRENT> 8674291
<APPREC-INCREASE-CURRENT> 16396856
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<DISTRIBUTIONS-OF-INCOME> 821641
<DISTRIBUTIONS-OF-GAINS> 973385
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<NUMBER-OF-SHARES-SOLD> 4302304
<NUMBER-OF-SHARES-REDEEMED> 2980080
<SHARES-REINVESTED> 95991
<NET-CHANGE-IN-ASSETS> 54426716
<ACCUMULATED-NII-PRIOR> 814551
<ACCUMULATED-GAINS-PRIOR> 848014
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<GROSS-ADVISORY-FEES> 664977
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<GROSS-EXPENSE> 696935
<AVERAGE-NET-ASSETS> 88803000
<PER-SHARE-NAV-BEGIN> 17.68
<PER-SHARE-NII> .25
<PER-SHARE-GAIN-APPREC> 6.10
<PER-SHARE-DIVIDEND> .22
<PER-SHARE-DISTRIBUTIONS> .26
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<PER-SHARE-NAV-END> 23.55
<EXPENSE-RATIO> .79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER CAPITAL APPRECIATION FUND
<SERIES>
<NUMBER> 5
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 272820061
<INVESTMENTS-AT-VALUE> 335795407
<RECEIVABLES> 421025
<ASSETS-OTHER> 2162
<OTHER-ITEMS-ASSETS> 59048
<TOTAL-ASSETS> 336277642
<PAYABLE-FOR-SECURITIES> 7783979
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3089572
<TOTAL-LIABILITIES> 10873551
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<PAID-IN-CAPITAL-COMMON> 240344897
<SHARES-COMMON-STOCK> 9512651
<SHARES-COMMON-PRIOR> 7157574
<ACCUMULATED-NII-CURRENT> 1115939
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<ACCUMULATED-NET-GAINS> 20967908
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<ACCUM-APPREC-OR-DEPREC> 62975347
<NET-ASSETS> 325404091
<DIVIDEND-INCOME> 330943
<INTEREST-INCOME> 2664312
<OTHER-INCOME> 0
<EXPENSES-NET> 1871804
<NET-INVESTMENT-INCOME> 1123451
<REALIZED-GAINS-CURRENT> 22379477
<APPREC-INCREASE-CURRENT> 47042428
<NET-CHANGE-FROM-OPS> 70545356
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<DISTRIBUTIONS-OF-INCOME> 719183
<DISTRIBUTIONS-OF-GAINS> 363458
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<NUMBER-OF-SHARES-SOLD> 8882212
<NUMBER-OF-SHARES-REDEEMED> 6567729
<SHARES-REINVESTED> 40594
<NET-CHANGE-IN-ASSETS> 139630550
<ACCUMULATED-NII-PRIOR> 711671
<ACCUMULATED-GAINS-PRIOR> (1048111)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 1790785
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<GROSS-EXPENSE> 1871804
<AVERAGE-NET-ASSETS> 240730000
<PER-SHARE-NAV-BEGIN> 25.95
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> 8.29
<PER-SHARE-DIVIDEND> .09
<PER-SHARE-DISTRIBUTIONS> .05
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 34.21
<EXPENSE-RATIO> .78
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER BOND FUND
<SERIES>
<NUMBER> 2
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 196548402
<INVESTMENTS-AT-VALUE> 205386016
<RECEIVABLES> 6303118
<ASSETS-OTHER> 7575
<OTHER-ITEMS-ASSETS> 475368
<TOTAL-ASSETS> 212172077
<PAYABLE-FOR-SECURITIES> 779747
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 160560
<TOTAL-LIABILITIES> 940307
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 201057454
<SHARES-COMMON-STOCK> 17842418
<SHARES-COMMON-PRIOR> 12527081
<ACCUMULATED-NII-CURRENT> 1342481
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<ACCUMULATED-NET-GAINS> 5361
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8826474
<NET-ASSETS> 211231770
<DIVIDEND-INCOME> 81190
<INTEREST-INCOME> 13096739
<OTHER-INCOME> 0
<EXPENSES-NET> 1364427
<NET-INVESTMENT-INCOME> 11813502
<REALIZED-GAINS-CURRENT> 1310131
<APPREC-INCREASE-CURRENT> 13318419
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 11209883
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<NUMBER-OF-SHARES-SOLD> 7311733
<NUMBER-OF-SHARES-REDEEMED> 2972687
<SHARES-REINVESTED> 976291
<NET-CHANGE-IN-ASSETS> 76164386
<ACCUMULATED-NII-PRIOR> 1832232
<ACCUMULATED-GAINS-PRIOR> (2398141)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 1364427
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<PER-SHARE-NAV-BEGIN> 10.78
<PER-SHARE-NII> .72
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> .73
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<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.84
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER HIGH INCOME FUND
<SERIES>
<NUMBER> 4
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
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<INVESTMENTS-AT-COST> 125812139
<INVESTMENTS-AT-VALUE> 131522956
<RECEIVABLES> 3013146
<ASSETS-OTHER> 6456
<OTHER-ITEMS-ASSETS> 99419
<TOTAL-ASSETS> 134641977
<PAYABLE-FOR-SECURITIES> 1044711
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 146486
<TOTAL-LIABILITIES> 1191197
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<PAID-IN-CAPITAL-COMMON> 129659991
<SHARES-COMMON-STOCK> 12551582
<SHARES-COMMON-PRIOR> 9779151
<ACCUMULATED-NII-CURRENT> 1473129
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3407583)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 5725243
<NET-ASSETS> 133450780
<DIVIDEND-INCOME> 569924
<INTEREST-INCOME> 11710273
<OTHER-INCOME> 0
<EXPENSES-NET> 936220
<NET-INVESTMENT-INCOME> 11343977
<REALIZED-GAINS-CURRENT> 622733
<APPREC-INCREASE-CURRENT> 9413001
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12039383
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<NUMBER-OF-SHARES-SOLD> 5873231
<NUMBER-OF-SHARES-REDEEMED> 4263757
<SHARES-REINVESTED> 1162957
<NET-CHANGE-IN-ASSETS> 37752471
<ACCUMULATED-NII-PRIOR> 1981784
<ACCUMULATED-GAINS-PRIOR> (3843420)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 866154
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<GROSS-EXPENSE> 936220
<AVERAGE-NET-ASSETS> 115600000
<PER-SHARE-NAV-BEGIN> 9.79
<PER-SHARE-NII> .98
<PER-SHARE-GAIN-APPREC> .94
<PER-SHARE-DIVIDEND> 1.08
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.63
<EXPENSE-RATIO> .81
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER GROWTH & INCOME FUND
<SERIES>
<NUMBER> 9
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JUL-05-1995
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<INVESTMENTS-AT-COST> 3540471
<INVESTMENTS-AT-VALUE> 4045327
<RECEIVABLES> 23829
<ASSETS-OTHER> 2359
<OTHER-ITEMS-ASSETS> 224728
<TOTAL-ASSETS> 4296243
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7792
<TOTAL-LIABILITIES> 7792
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3756393
<SHARES-COMMON-STOCK> 342794
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 318
<ACCUMULATED-NET-GAINS> 27201
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 505175
<NET-ASSETS> 4288451
<DIVIDEND-INCOME> 12525
<INTEREST-INCOME> 10996
<OTHER-INCOME> 0
<EXPENSES-NET> 18948
<NET-INVESTMENT-INCOME> 4573
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<APPREC-INCREASE-CURRENT> 505175
<NET-CHANGE-FROM-OPS> 536986
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4891
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 37
<NUMBER-OF-SHARES-SOLD> 358253
<NUMBER-OF-SHARES-REDEEMED> 15863
<SHARES-REINVESTED> 404
<NET-CHANGE-IN-ASSETS> 4288451
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6710
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<GROSS-EXPENSE> 18948
<AVERAGE-NET-ASSETS> 1809000
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 2.52
<PER-SHARE-DIVIDEND> .02
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<PER-SHARE-NAV-END> 12.51
<EXPENSE-RATIO> 2.07
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER MONEY FUND
<SERIES>
<NUMBER> 1
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUNDS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
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<INVESTMENTS-AT-COST> 62944947
<INVESTMENTS-AT-VALUE> 62944947
<RECEIVABLES> 3061426
<ASSETS-OTHER> 4817
<OTHER-ITEMS-ASSETS> 27216
<TOTAL-ASSETS> 66038406
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 651946
<TOTAL-LIABILITIES> 651946
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 65404807
<SHARES-COMMON-STOCK> 65404807
<SHARES-COMMON-PRIOR> 89694620
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (18347)
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<NET-ASSETS> 65386460
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4534276
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<EXPENSES-NET> 384649
<NET-INVESTMENT-INCOME> 4149627
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<NET-CHANGE-FROM-OPS> 4154983
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<DISTRIBUTIONS-OF-INCOME> 4149626
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<NUMBER-OF-SHARES-SOLD> 202748102
<NUMBER-OF-SHARES-REDEEMED> 231260663
<SHARES-REINVESTED> 4222747
<NET-CHANGE-IN-ASSETS> (24284457)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (23703)
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-ADVISORY-FEES> 338483
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<GROSS-EXPENSE> 384649
<AVERAGE-NET-ASSETS> 75136000
<PER-SHARE-NAV-BEGIN> 1.00
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<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000752737
<NAME> OPPENHEIMER MULTIPLE STRATEGIES FUND
<SERIES>
<NUMBER> 6
<NAME> OPPENHEIMER VARIABLE ACCOUNT FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1192194
<TOTAL-LIABILITIES> 2766610
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 329343553
<SHARES-COMMON-STOCK> 26212235
<SHARES-COMMON-PRIOR> 22619777
<ACCUMULATED-NII-CURRENT> 1361279
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<ACCUMULATED-NET-GAINS> 8398861
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<ACCUM-APPREC-OR-DEPREC> 42159471
<NET-ASSETS> 381263164
<DIVIDEND-INCOME> 3114259
<INTEREST-INCOME> 16147769
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<EXPENSES-NET> 2668514
<NET-INVESTMENT-INCOME> 16593514
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<DISTRIBUTIONS-OF-INCOME> 16066432
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<NUMBER-OF-SHARES-SOLD> 6445242
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<ACCUMULATED-NII-PRIOR> 1038677
<ACCUMULATED-GAINS-PRIOR> 8636344
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<GROSS-EXPENSE> 2668514
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<PER-SHARE-NAV-BEGIN> 12.91
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<PER-SHARE-NAV-END> 14.55
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</TABLE>
